Nils Trulsvik Steps Down from SCAN's Board

Mr. Nils Trulsvik has informed the board of SCAN Geophysical that he will step down as board member as of November 5, 2007. Mr. Trulsvik is the CEO of the petroleum company Interoil Exploration and Production ASA, listed at the Oslo Stock Exchange, and he sees possible conflicts of interests in his two positions.

SCAN Geophysical was established in 2002 as an international seismic data acquisition company specializing in both marine streamer seismic and ocean bottom seismic. The company is currently operating one 2D and one 3D streamer vessel, and will soon launch one 2002-built 3D vessel and three newbuild state-of-the-art 8-10 streamer 3D vessels during 2008. Administration is located in Oslo, with representatives in Caracas, Houston and Singapore